An important message to you from the
PlayStationÂNetwork team at Sony Computer
Entertainment America LLC.

On April 1, 2011, Sony Computer
Entertainment America LLC ("SCEA")
will transfer its online services
operations, including your wallet
and the funds in it, to Sony Network
Entertainment America Inc. ("SNEA").
The first time you sign in to your
Sony Online Services account on or
after April 1, you will be asked to
enter into a new Terms of Service and
User Agreement with SNEA. If you do
not wish to enter into a contract with
SNEA, you may decline the terms of
service and we will close your account(s)
and return your funds. You can preview
the new Terms of Service and User
Agreement with SNEA at:http://playstation.innovyx.net/r?xncJlcWEcWlJqTEHWcTWWHvTvPT ://http://playstation.innovyx.net/r?xn...TEHWcTWWHvTvPT

PlayStationÂNetwork will continue to
provide you with the highest standard
of interactive entertainment. Your
access to the best games, movies, TV
shows, music and friends will remain
intact. Thank you very much for being
part of the PlayStationÂNetwork online
community! We look forward to continuing
to bring you the best in innovative
online entertainment!

They say refund meaning that you get back everything that was in your wallet funded to the payment method associated with the account. Everything you buy on PSN (at least most of it) can be accessed offline. You will not receive refunds for payed for items.

They say refund meaning that you get back everything that was in your wallet funded to the payment method associated with the account. Everything you buy on PSN (at least most of it) can be accessed offline. You will not receive refunds for payed for items.